Arsenal are a selling club, admits manager Arsene Wenger.

"The strategy of the club is to sell every year and to buy less expensive players," Wenger told the News of the World.

"We manage at Arsenal to maintain all our football ambitions - national and European -while having to free up - for 17 more years - an annual surplus of £24m to pay for our stadium.

"The club's strategy is to favour the policy of youngsters ahead of stars and to count on the collective quality of our game."